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Maryland Code, Financial Institutions § 6-327

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) If the bylaws provide, a director emeritus may advise and consult with the board and aid the board in carrying out the board's duties and responsibilities.

(b) The bylaws shall provide for:

(1) The number of directors emeriti; and

(2) The qualifications for a director emeritus.

(c) A director emeritus:

(1) Shall be a member of the credit union; and

(2) May not be an officer or an official.

(d) A director emeritus may not:

(1) Participate in any board or committee deliberations;

(2) Make motions; or

(3) Vote on any matter before the board.

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Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 6-327 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-6-327/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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